Walmart Inc. (NYSE:WMT) Shares Purchased by Legacy Private Trust Co.

Legacy Private Trust Co. raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,329 shares of the retailer’s stock after buying an additional 3,741 shares during the period. Walmart comprises 0.8% of Legacy Private Trust Co.’s investment portfolio, making the stock its 28th largest position. Legacy Private Trust Co.’s holdings in Walmart were worth $11,504,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in shares of Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the period. FMR LLC grew its holdings in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of analyst reports. Evercore ISI boosted their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America upped their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Truist Financial raised their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Wells Fargo & Company increased their price target on Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $93.69.

Insider Buying and Selling

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock worth $12,478,116 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

NYSE:WMT traded up $0.84 during mid-day trading on Wednesday, hitting $91.65. The company’s stock had a trading volume of 13,246,686 shares, compared to its average volume of 12,929,060. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $89.76 and a 200-day moving average of $80.13. The company has a market capitalization of $736.26 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $52.58 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.